Britannia Inn Tewkesbury

30 High Street, GL20 5AT

  • Britannia Inn Tewkesbury
  • Britannia Inn Tewkesbury
  • Britannia Inn Tewkesbury
  • Britannia Inn Tewkesbury
  • Britannia Inn Tewkesbury
  • Britannia Inn Tewkesbury

Britannia Inn Tewkesbury

The Britannia Inn is a well located pub situated right in the heart of Tewkesbury in Gloucestershire. Tewkesbury is an historic riverside town on the Cotswolds tourist trail and a living museum of architecture and social history spanning over 500 years. Tourists are drawn to its medieval black and white townscape and 12th century Abbey. It is a highly desirable place to live and features good demographics with a high proportion of young people, suburban couples and families on middle incomes.

The Britannia Inn is a high street pub surrounded by small independent retailers and larger chain stores. Currently, the core clientele group is locals frequenting the pub in the evenings who are drawn by its reputation for selling great quality ale. However, there is great potential to capitalise on the daytime passing trade by improving the food and coffee offer.

The ideal operator for the Britannia Inn will have understanding of the local area and have the drive to develop the business through multiple income streams. The desire to introduce and build a simple food offering is important. Understanding of marketing and social media will play an important part in opening up all potential customer bases.

Pub Features

  • Rolling Tenancy
  • Outdoor Trade
  • Weekly Billing
  • Monthly Billing

Trading Area & Facilities

It is an easy to run one bar operation and boasts attractive original features.
To the rear of the property there is a small outdoor patio area that can be used in warm summer evenings to enjoy a quiet drink while looking over the river.


Private Accommodation

The private accommodation consists of 3 bedrooms over two floors with bathroom, Kitchen with lounge area. In line with our Ready to Trade Promise, we will ensure the private accommodation is in good condition, so that you can focus on your business.




Premises Licence Details

Premises Licence Opening Hours

Mon Tue Wed Thu Fri Sat Sun
- - - - - - -

Financials

Annual Rent £
27,000
Estimated Annual FMOP (Licensee Profit) £
28,450
Representative HEINEKEN UK Brand Discount Per Barrel £
125
Estimated Annual Turnover £
345,285
Estimated Annual Barrelage
206

“The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details).

** All figures quoted are exclusive of VAT

*** FMOP = Fair Maintainable Operating Profit

Investment

Ingoing Costs
Estimated Licensee Fixtures & Fittings Value £
10,000
Estimated Fixtures & Fittings Valuation Fee £
250
Estimated Stock Valuation £
3,500
Deposit Amount £
6,750
Rent In Advance £
519
Training Fee £
1,000
Estimated Designated Premises Supervisor / Manager Fee £
50
Premises Licence Fee £
180
Rates Assessment Fee £
55
Estimated Legal Fees £
650
Estimated Total Ingoing Costs £
22,964
Estimated Minimum Ingoing Costs £
10,945

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Licensee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent or £3,000 (whichever is greater) and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.

Other SP&B Ongoing Charges
Estimated Annual Buildings Insurance £
0
Estimated Annual Maintenance Compliance Charge £
0
Estimated Annual Accountancy & Stocktaking Charge (including tills) £

The above figures are provided as a guide only and will be finalised as part of the commercial agreement (please download the rent model from Trading Information section for full financial details)

* All figures quoted are exclusive of VAT

** Deposit build up will be payable over a maximum of 24 months

*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry

**** Maintenance Compliance Charge relates to the fees for various statutory inspections

***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate

****** The above figures assume that rent is billed weekly in advance and that Star Pubs & Bars retain ownership of large fixtures and fittings. Initial costs for a Fully Repairing and Insuring lease will be higher as rent is invoiced monthly in advance and all fixtures and fittings must be purchased